US EditionMyntra Gets INR 1,062 Cr From Singapore Parent
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Myntra Gets INR 1,062 Cr From Singapore Parent
Fashion ecommerce giant Myntra has received a fresh infusion of INR 1,062.50 Cr (around $124 Mn) from its Singapore-based parent entity, FK Myntra Holdings Private Limited. As per its filings with the Registrar of Companies (RoC), the board of Myntra Designs Pvt. Ltd. (the Indian entity) passed a resolution on April 29 to allot 19.43 Lakh equity shares to FK Myntra Holdings at a face value of INR 1 and a premium of INR 5,465.23 on a rights issu…
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